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jack welch does not believe the boys in chicago changed the numbers? >> no, jack welch is raising the question for some good analyst to go look at. >> okay. good. you're raising the question. you certainly did that. jack welch, thank you for joining us at the very top of "hardball" tonight. >> thank you. >> with me not to fight with jack but to have a different point of view is jared bernstein, former chief economist and economic adviser to vice president biden. you heard that discussion. i like jack. i'm fond of the guy. jack welch has raised the question, but it was obviously his business instinct and his attitude i think towards this president that came together at 8:35 and he tweeted out this, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers. i'll go back to what i heard ezra klein say in the room, that a 0.3 of 1% shift in the unemployment rate is not wild. it's very conceivable. your thoughts. >> that's absolutely true. i mean, what i just heard from jack welch was about -- with respect i gue
jack welch does not believe the boys in chicago changed the numbers? >> no, jack welch is raising the question for some good analyst to go look at. >> okay. good. you're raising the question. you certainly did that. jack welch, thank you for joining us at the very top of "hardball" tonight. >> thank you. >> with me not to fight with jack but to have a different point of view is jared bernstein, former chief economist and economic adviser to vice president...
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Oct 7, 2012
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jack welch, the former chairman of ge said unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. steve forbes follows up and says welch is right. does governor romney put any stock in those theories and have any suspicions at all about the bls numbers? >> george, the numbers themselves are very damning. when you look at it, we had fewer jobs created in september than were created in august, fewer jobs created in august than were created in july. our unemployment rate has come down because for -- since president obama took office for every new job created more than six workers have left the labor force. if labor force participation was what it was when the president took office, unemployment would be around 10.7%. these jobs that were added in september were largely part-time jobs. so we still have 23 million american, that number has not changed at all, would are either unemployed or out of work entirely or are underemployed working or out of the workforce entirely or underemployed working part time instead of f
jack welch, the former chairman of ge said unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. steve forbes follows up and says welch is right. does governor romney put any stock in those theories and have any suspicions at all about the bls numbers? >> george, the numbers themselves are very damning. when you look at it, we had fewer jobs created in september than were created in august, fewer jobs created in august than were created in july....
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Oct 7, 2012
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you have jack welch who euned to own nbc, the majority owner. he said this is unbelievable. the chicago guys will do anything to change the numbers. let's take a look at welch mareking his roumts and some at fox news picking up on the idea that they can't be trusted. >> look. i don't know what the right number is, but i'll tell you these numbers don't smell right when you think about where the economy is right now. >> there is widespread mistrust because there are contradictions. >> some report there are numbers that will come out on the eve of the election. >> you know, these are volatile figures and sometimes have to be revised. but to go and charge that the administration had manipulated this for political gain, don't you need some evidence for that? >> think it's unfortunate that jack welch who has this storied business career now appears to be stark raving mad in the donald trump category and i think this reaction is what it should have been even from a lot of people on the right and said, now, come on, you can argue about certain things but if they wanted to cook the b
you have jack welch who euned to own nbc, the majority owner. he said this is unbelievable. the chicago guys will do anything to change the numbers. let's take a look at welch mareking his roumts and some at fox news picking up on the idea that they can't be trusted. >> look. i don't know what the right number is, but i'll tell you these numbers don't smell right when you think about where the economy is right now. >> there is widespread mistrust because there are contradictions....
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look, i'm friends with jack welch and i tweeted him back. i said jack, look, i love you, but on this one you've flat out lost your mind. there's an iron clad fire wall with criminal penalties for anybody at the bls to have any kind of political interference or to release any of the numbers early. it's totally impossible to do that. you've seen all the reputable republicans that have worked with the bureau of labor statistics in the past. come on, say, look, come on, you've got to be kidding on this thing. i kind of think they were kidding. i hope they were kidding. i mean, there's absolutely no evidence of political changing the numbers. and, if somebody were changing the numbers, why would you make the numbers last month worse than expected? why would you make the pay roll numbers at 114,000 not especially impressive. it just doesn't make any sense. >> all right. austan. thanks very much for coming in. >> great to see you again, wolf. >>> president obama wasn't the only one whose debate performance w performance was criticized. the wheels o
look, i'm friends with jack welch and i tweeted him back. i said jack, look, i love you, but on this one you've flat out lost your mind. there's an iron clad fire wall with criminal penalties for anybody at the bls to have any kind of political interference or to release any of the numbers early. it's totally impossible to do that. you've seen all the reputable republicans that have worked with the bureau of labor statistics in the past. come on, say, look, come on, you've got to be kidding on...
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Oct 6, 2012
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. >> jack welch. >> jack welch say they were fixed or something? >> he said definitely those guys from chicago they can't debate so they're cooking the books. >> bill: do you take that seriously? >> no. i do not take it seriously. i have to say jack welch gave us a good laugh because he he was serious. >> bill: welch believes these are bogus numbers? >> that's what he said. it's the kind of nonsense what's really book here. 50,000 they survey the establishment survey it's called services and government is about 150,000 there is a lot of volatility. people going around saying this hasn't happened in 30 years. >> bill: in your opinion though, there are more jobs being added pushed from full time into part time. they are younger, less educated. unskilled. lower paying. >> if you are working part time you come off the unemployment rolls, that goes into the unemployment rate. that's a legitimate thing to talk about this is important. 14.7% unemployment when you include the marginally attached to the workforce. that is precisely the same number as the pr
. >> jack welch. >> jack welch say they were fixed or something? >> he said definitely those guys from chicago they can't debate so they're cooking the books. >> bill: do you take that seriously? >> no. i do not take it seriously. i have to say jack welch gave us a good laugh because he he was serious. >> bill: welch believes these are bogus numbers? >> that's what he said. it's the kind of nonsense what's really book here. 50,000 they survey the...
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Oct 6, 2012
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jack welch is almost famous or infamous by now. jack welch, the former ceo of general electric, tweeting out that, you know, the innuendo that the bureau of labor statistics had cooked the books. that was called utter nonsense by the deputy white house spokesman. others, including jared bernstein, who is an economist here until recently in the white house, said that welch should be ashamed of himself. you know, he's sort of out there on an island, jack welch. he was on "hardball" last night and he said he wouldn't take a word back of that tweet, but he admitted he had no evidence the to back it up. again, there are people on both sides of the aisle who are rushing to defend the integrity of the people who get those numbers together every month, melissa. >> the president said the burden is now on congress. what is it that the president now wants congress to do? >> reporter: congress is not coming back until after the election. that is clear. and the first order of business at the lame duck session is what to do about the fiscal clif
jack welch is almost famous or infamous by now. jack welch, the former ceo of general electric, tweeting out that, you know, the innuendo that the bureau of labor statistics had cooked the books. that was called utter nonsense by the deputy white house spokesman. others, including jared bernstein, who is an economist here until recently in the white house, said that welch should be ashamed of himself. you know, he's sort of out there on an island, jack welch. he was on "hardball" last...
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Oct 9, 2012
10/12
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now as far as jack welch is concerned, you're all sitting around talking about jack welch, a great legend in business, a very smart guy, he's 100% correct, 100% correct. >> wait a second, in terms of the chicago political guys manipulating the numbers? >> how does it go down to 7? there wasn't an economist in the country and after the election they'll do a big correction but jack welch has it right, there's no question 100% and a lot of the numbers that they're using are given by the obama administration. >> i know ken has a question for you, but my only thought on this whole thing is, i don't know that i buy that 7.8% number. i don't think that's real. i don't know that it was politics necessarily. >> nobody buys it. >> he's saying it's the numbers given to the bls by the obama administration. there's a lot of assumptions. obama care, the cbo, you can't impugn the cbo for coming up with $1 trillion for obama care. it was the numbers they got, double counting taxes, all of these bells and whistles in obama care to get it to work out. >> right. >> hold on. for the past year one of the talk
now as far as jack welch is concerned, you're all sitting around talking about jack welch, a great legend in business, a very smart guy, he's 100% correct, 100% correct. >> wait a second, in terms of the chicago political guys manipulating the numbers? >> how does it go down to 7? there wasn't an economist in the country and after the election they'll do a big correction but jack welch has it right, there's no question 100% and a lot of the numbers that they're using are given by...
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Oct 8, 2012
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>> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very, very high, but those people are still looking. >> the u-6 number for those cognizant. >> coming up -- >> you're right. republicans are in the dumps. you're right. >> no, they're trying to pretend the numbers that they depend on when they're good in their camp. >> you can't have it all. >> are skewed. >> i don't know. if it continues this way, i think republicans can have it all. >> they're not. not going to have it all. >> coming up -- i'm so excited for what's happening later in the show. we're going to talk to chicago mayor rahm
>> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very,...
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Oct 9, 2012
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howard, jack welch was here friday, he did all right. >> i would say it doesn't feel -- i get what the mayor is saying, but it doesn't quite feel like the chorus you're talking about for some reason. speaking of surrogates, what about the entertainment people? they love barack obama. get out of l.a. and get on the road. >> go to your hometown and tell people what you think. never talk out of l.a., never talk out of new york. i say this to every celebrity i know, go home where you came from, talk to the people you grew up with. >> all advice appreciated. we're moving on to win on election day on november 6th. >> it's free. anyway, coming up -- thank you, mr. mayor. coming up, mitt romney attacks president obama on foreign policy saying if he were president, he would heat up and prolong every war front in the world, iraq, afghanistan, syria. more war, continuous war, new wars. that's the romney plan. >>> also, joe the first responder. he's taken guff for his gaffes and been lampooned on "snl" but surprise, surprise, vice president joe biden is the guy who democrats are counting on this w
howard, jack welch was here friday, he did all right. >> i would say it doesn't feel -- i get what the mayor is saying, but it doesn't quite feel like the chorus you're talking about for some reason. speaking of surrogates, what about the entertainment people? they love barack obama. get out of l.a. and get on the road. >> go to your hometown and tell people what you think. never talk out of l.a., never talk out of new york. i say this to every celebrity i know, go home where you...
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jack welch should be ashamed of himself. there is absolutely no way the bureau of labor statistics cooks these numbers. they have tremendous integrity. i'm sorry he doesn't like the direction of the numbers. i will very much, as i said, admit that these numbers jump around from month to month, they do, but to say that these books are cooked is terribly obfuscating and completely wrong. >> can we show what the numbers are doing on wall street right now. i want to get ron's look at this. >> pretty good reaction so far. >> for sure. we see green arrows across the board so far this morning today. let's talk about the revisions that we've seen because we were talking earlier before we started the show that these can go either way, and -- >> and they often do. >> and they often do. >> during recoveries, you tend to get upward revision in prior numbers, whether it's the last couple months, or as the labor department does every year, there's a set of benchmark revisions to prior data that go back even a couple years. we saw that ove
jack welch should be ashamed of himself. there is absolutely no way the bureau of labor statistics cooks these numbers. they have tremendous integrity. i'm sorry he doesn't like the direction of the numbers. i will very much, as i said, admit that these numbers jump around from month to month, they do, but to say that these books are cooked is terribly obfuscating and completely wrong. >> can we show what the numbers are doing on wall street right now. i want to get ron's look at this....
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ceo jack welch. unbelievable job numbers. they can't debate so they change the numbers. he appeared earlier today on "your world." >> these numbers don't smell right when you think about where the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took office. >> sean: jack welch is not the only one tawing of this timely development. listen to what business insider said on fox business new york this morning. >> i feel like i am watching a movie, a suspense movie. because there is no way in the world these numbers are accurate. and somebody needs to dig real deep into this. how in the world, miraculously, we have the best flz 30 years, right before the election? somebody needs to do an investigation, like they are doing an investigation in libbia. they need to investigate the numbers because there is no way in the world these numbers are accurate
ceo jack welch. unbelievable job numbers. they can't debate so they change the numbers. he appeared earlier today on "your world." >> these numbers don't smell right when you think about where the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took...
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. -- >> jack welch! he said, the guys from chicago can't debate so they are cooking the books. >> do you take that seriously? >> no. but he gave us a good laugh because apparently, he was serious. >> he believes -- >> i think -- >> he believes that they are bogus numbers. >> it's when he said. it's the kind of nonsense eye mean, the last thing -- anyone should be looking at in these numbers is somebody cooking the books. what is really at work here, there are two survey, one of 50,000, they survey the businesses and they survey the households. the establishment survey as it's called of businesses and government is about 150,000. and the survey of households is about 50,000. so there is a lots of volatility. there are people saying, this hasn't happened in 30 years -- nonsense. e >> in your opinion, there are more jobs being added. but most of these jobs are part-time jobs itch they are part-timions, people who have been pushed from full time into part time. they're younger, less educated and unskilled so
. -- >> jack welch! he said, the guys from chicago can't debate so they are cooking the books. >> do you take that seriously? >> no. but he gave us a good laugh because apparently, he was serious. >> he believes -- >> i think -- >> he believes that they are bogus numbers. >> it's when he said. it's the kind of nonsense eye mean, the last thing -- anyone should be looking at in these numbers is somebody cooking the books. what is really at work here,...
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some called it an anomaly and former ceo jack welch says these chicago guys will do anything, can't debate so change numbers. >> and who is participating, who's not working and who's tried to work, but dropped out. all of these things. it just raises the question, and i think there ought to be a good discussion how this number is calculated. >> labor secretary hilda so least angrily denied the unemployment figure was fudged calling the allegation offensive and republican challenger mitt romney said of the jobs number, this is not what a real recovery looks like. and romney was also campaigning in virginia, running mate paul ryan said of the number of jobs created said we shouldn't have to settle for this new normal. reprizing one of the convention themes that americans deserve better than mr. obama has delivered. critics seized on another line in mr. obama's virginia speech in which he denied believing in an entitlement society which he doesn't believe people are entitled to succeed. aides suggest the opposite. >> we don't believe that anybody is ensilenttitled to sus in this country. we b
some called it an anomaly and former ceo jack welch says these chicago guys will do anything, can't debate so change numbers. >> and who is participating, who's not working and who's tried to work, but dropped out. all of these things. it just raises the question, and i think there ought to be a good discussion how this number is calculated. >> labor secretary hilda so least angrily denied the unemployment figure was fudged calling the allegation offensive and republican challenger...
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rick, what do you make of what happened to him, to jack welch? >> well, again, you know, i think what we just heard from charles, who is a prominent liberal, is exactly part of i think this problem, is that we whittle around the fact that when liberals are intolerant, we can't say it for some reason. we have to pretend like it's -- everyone is intolerant and we just can't say look, it's wrong to go after stacey because she's decided as a black woman to support mitt romney. >> who didn't say that? i just said that. >> let me finish. >> what are you talking about? i just said that. >> you actually didn't say that. >> i said it was wrong to go after stacey. are you seriously saying that i didn't say that? >> what i'm saying, charles, is that you can't just say that intolerance exists. what you need to be able to do is say when liberals are intolerant that it's wrong and call them out on it. you are somebody who they look up to. if you said it, if you called it out without having piers morgan pull it out of you, it -- >> nobody pulled anything out of
rick, what do you make of what happened to him, to jack welch? >> well, again, you know, i think what we just heard from charles, who is a prominent liberal, is exactly part of i think this problem, is that we whittle around the fact that when liberals are intolerant, we can't say it for some reason. we have to pretend like it's -- everyone is intolerant and we just can't say look, it's wrong to go after stacey because she's decided as a black woman to support mitt romney. >> who...
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. >>> jack welch, the former head of general electric, will no longer contribute to reuters news and fortune magazine. welch's decision comes in the wake of controversy sparked by a tweet he sent last week suggesting the white house manipulated job numbers for political gain. >>> a doggy daycare outside of chicago has stepped in it with the nation's coffee chain. starbucks is asking star barks to change it name and its logo so that customers aren't confused. >>> and could these shoes be coming to a shoe store near you some us ladies hope not. the so-called scary beautiful heels are backwards so it makes the feet point straight down like a ballerina. the designer says the shoes are a commentary on today's impossible standards of beauty. and apparently impossible to walk in. >>> san francisco stays alive, a bountygate update, and the space jump will have to wait. plus the athletics steal game three from the tigers. that's all coming up in sports. you're watching "first look" on msnbc. yeah. yeah. then how'd i get this... [ voice of dennis ] ...allstate safe driving bonus check? what is
. >>> jack welch, the former head of general electric, will no longer contribute to reuters news and fortune magazine. welch's decision comes in the wake of controversy sparked by a tweet he sent last week suggesting the white house manipulated job numbers for political gain. >>> a doggy daycare outside of chicago has stepped in it with the nation's coffee chain. starbucks is asking star barks to change it name and its logo so that customers aren't confused. >>> and...
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jack welch suggested the obama administration manipulated the numbers. but on cnbc, labor secretary hilda solis called that claim "ludicrous" and defended the bureau of labor statistics. >> you know, i'm insulted when i hear that, because we have a very professional civil service organization where you have top, top economists that work at the b.l.s. >> brown: the employment numbers landed as the campaigns put up new ads attacking each other on jobs and taxes. >> president obama says he's creating jobs. but he's really creating debt. the facts are clear. obama's four deficits are the four largest in u.s. history. he's adding almost as much debt as all 43 previous presidents combined. and over 30 cents of every dollar obama spends is borrowed, much of it from countries like china. he's not just wasting money; he's borrowing it and then wasting it. we can't afford four more years. >> why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because, according to experts, he'd have to raise taxes on the middle class, or
jack welch suggested the obama administration manipulated the numbers. but on cnbc, labor secretary hilda solis called that claim "ludicrous" and defended the bureau of labor statistics. >> you know, i'm insulted when i hear that, because we have a very professional civil service organization where you have top, top economists that work at the b.l.s. >> brown: the employment numbers landed as the campaigns put up new ads attacking each other on jobs and taxes. >>...